Cereal Partners Worldwide

A Nestl and General Mills joint venture

healthy breakfasts easier

Making

At Cereal Partners Worldwide (CPW) we aim to provide our consumers around the world with a healthier start to their day. Our breakfast cereals are a convenient, tasty and healthy way for children and adults to eat a nutritious breakfast.

Combining forces for over two decades

Today the worlds number two breakfast cereals producer, CPW was founded as a joint venture between General Mills and Nestl. It began operations in 1990. CPW owes its success to the support and know-how of both partner companies. The joint venture combines Nestls strong worldwide presence and brands, its deep local market and distribution knowledge, and its production facilities, with General Mills proven cereal marketing approach, its technical excellence in cereal products and processes, as well as its wide portfolio of successful US brands. CPWs unique access to both Nestl and General Mills resources is a proven competitive advantage and is one of the secrets of CPWs success. The joint venture has returned profit equally to its partners since 1998.
Fast facts 50/50 joint venture Nestl and General Mills Sales of 2.8 billion CHF (2008) 4000 employees 14 factories Four R&D centres Operations in 40 countries Sales in 130+ markets

Around the world

From its independent headquarters in Lausanne, Switzerland, CPW is managed by its own fully accountable leadership team with the CEO reporting into the CPW Supervisory Board, chaired by the CEOs of Nestl and General Mills. Operating outside General Mills home breakfast cereal markets the US and Canada, CPW drives sales in over 130 countries around the world, building on Nestls presence and infrastructure.

Headquarters in Lausanne, Switzerland Over 50 brands worldwide Global brands : Fitness, Cheerios, Chocapic and Nesquik

H F E D 3

CPW R&D locations 1 USA 2 UK 3 Switzerland 4 Australia

Production facilities A B C D Mexico Chile Brazil Portugal E F G H France (2) UK (2) Poland (2) Russia I China J Philippines K Australia

Diversity rules
Our 4000 employees combining talent from Nestl and General Mills, as well as many people recruited by CPW generate CHF 2.8 billion (2008) in annual revenues. Our diverse workforce prides itself on the joint ventures unique, action-driven culture, reflected in CPWs values and competencies. Our vision is to be the best global cereal company by leveraging the power of the big and the spirit of the small. Big refers to the strengths of our parent companies Nestl and General Mills, both renowned industry leaders. Small refers to the entrepreneurial operating mindset of CPW. Being small, but truly global, we have the ability to adapt to changes in the marketplace and to make decisions quickly.
Chocapic Chocapic is available in 31 markets. It has a rich chocolate taste that kids love. Made with the goodness of whole grain, Chocapic breakfast cereal provides essential minerals, plus iron and calcium.

Consumers at the heart

With a singular focus on the breakfast cereals category, CPW has developed deep knowledge and understanding of breakfast cereal markets around the world. The consumer is at the heart of all our marketing efforts and this has been the key to much of our success. Mostly marketed under the Nestl brand umbrella, CPW has a growing portfolio of brands through acquisitions such as Uncle Tobys in Oceania. Today, CPW has a strong portfolio of over 50 brands, including Fitness, Cheerios, Chocapic and Nesquik, which are enjoyed by consumers around the world.

Fitness Fitness breakfast cereal helps women manage their line in a sensible way in over 50 markets worldwide. Fitness helps women not only take off weight but also to keep it off as it is made with whole grain. Fitness contains essential vitamins and minerals.

Cheerios Originally launched by General Mills in 1941 in the US, Cheerios is currently sold by CPW in 37 markets. A whole grain breakfast cereal which the entire family can enjoy, Cheerios provides essential minerals, plus iron and calcium.

Nesquik Nesquik breakfast cereal has the one and only Nesquik chocolate taste in every bite. Present in 43 countries around the world, it is made with the goodness of whole grain, and provides essential minerals, plus iron and calcium.

A responsible breakfast choice

Our people, our brands and our companys reputation are our foundation. Together with Nestl and General Mills we maintain high standards for responsible advertising, marketing and an ongoing commitment to product renovation and innovation. Building further on the leading corporate responsibility programmes of our partners, we maintain high standards for our products by focusing on quality, safety and the environment to ensure sustainability. At CPW, were all about reducing waste along the value chain and going the extra mile to drive continuous improvement in our business processes.

History 1989 - signing of the joint venture agreement between Nestl and General Mills June 1, 1990 - CPW began operations in South West Europe and the UK 1991 - Nesquik, Chocapic and Cheerios breakfast cereals 1992 - Mexico and Italy 1993 - South East Asia 1994 - Poland (with acquisition of Torun Pacic) and South America 1995 - launch of Fitness breakfast cereals 1997 - Russia 1998 - became protable, equal share back to Nestl and General Mills 2002 - China 2003 - Australia

Longstanding commitment to nutrition, health and wellness

As a leading provider of whole grain breakfast cereals worldwide, continuously improving the nutritional benefits of our breakfast cereals is at the core of CPWs business. Since 2003, we added over 2.5 billion servings of whole grain, removed over 5000 tonnes of sugar and over 700 tonnes of salt from our breakfast cereals globally. Our green whole grain banner indicates that our breakfast cereals are made with whole grain. Whole grain provides the benefits of carbohydrates, fibre, vitamins, minerals, antioxidants and phytonutrients which are essential for a healthy diet.

2005 - New Zealand 2005 - whole grain reformulation in Nestl breakfast cereals 2006 - Uncle Tobys acquisition 2009 - South Africa 2010 - CPW twentieth anniversary

Cereal Partners Worldwide CPW S.A. 2009 Chemin du Viaduc 1 Case Postale 1000 Lausanne 16, Switzerland